Page 7 - Policybazaar

PolicyBazaar hits fresh 52-week high; stock nearly doubles from 52-week low

The stock of fintech company was trading at its highest level since May 2022.

PB Fintech to wipe out accumulated losses in next 4 years on revenue growth

PB Fintech, the parent firm of Policybazaar, expects to wipe out accumulated losses in the next four years on the back of revenue growth, a top official said. The total revenue of the company increased to Rs 1,710 crore in FY23 from Rs 1,200 crore in the preceding fiscal. As a result, the loss narrowed to Rs 488 crore from Rs 833 crore in the previous fiscal. "FY24, our hope is EBITDA coming out of core business will be more than enough to cover all investments and overall, as a company, we should be PAT positive for the full year. What we want is Rs 1,000 crore PAT by FY27. Three years from now. "In another four years, we should be able to wipe out our accumulated losses. Between, FY 27-28, we should be able to wipe out losses," PB Fintech chairman and group CEO Yashish Dahiya told PTI. The breakeven will be reached only after accumulated losses are wiped out. This year, he said, the company would be Rs 400-500 crore cash positive and therefore, there may not be any need for ...

Tencent Cloud Europe offloads 2 pc stake in PB Fintech for Rs 562 cr

Tencent Cloud Europe BV on Friday offloaded over 2 per cent shares of Policybazaar's parent firm PB Fintech for Rs 562 crore through an open market transaction. According to the bulk deal data available with the BSE, Tencent Cloud Europe BV sold 94,16,250 shares, amounting to a 2.09 per cent stake in the firm. The shares were disposed of at an average price of Rs 596.66 apiece, taking the transaction value to Rs 561.82 crore. As per the latest transaction, Tencent's shareholding has reduced to 6.28 per cent from 8.37 per cent (as of March 2023) equity in PB Fintech. On Friday, shares of PB Fintech fell 2.85 per cent to close at Rs 604.65 per piece on the BSE.

Stocks to Watch today, May 23: PolicyBazaar, BPCL, Vedanta, NMDC, JSW Steel

Stocks to watch on May 23, 2023: Amara Raja Batteries, Ashok Leyland, Biocon and NMDC among prominent companies to announce Q4 results on Tuesday

Policybazaar Q4 results: Net loss narrows to Rs 9 crore, revenue up 61%

The company's consolidated revenue from operation rose by 60.92 per cent to Rs 869 crore for the March quarter as compared to Rs 540 crore in the year-ago period

Stocks to Watch today, May 22: Adani Group, Realty, NTPC, Zomato, Zee Ent

Stocks to watch on May 22, 2023: The Rs 2,000 note withdrawal could have an impact ont the real-estate companies, believe Indian CEOs.

Need for business insurance leads to new brand 'Policybazaar for Business'

Business Insurance penetration in India at merely 15%

PolicyBazaar hits over 5-month high; surges 30% thus far in February

The company expects adjusted EBITDA to turn positive in current quarter (Q4FY23).

Is the worst over for new-age tech companies? Here's what analysts say

Shares of Paytm, FSN e-Commerce Ventures (the parent firm of Nykaa), PB Fintech (parent firm of Policybazaar), and CarTrade Tech surged up to 17 per cent in a month

YES Bank, PolicyBazaar added to FPI cart in October-December quarter

FPI holding rose to 20.18%, reinforced by Rs 47,349-crore inflows

New-age stocks in focus; Paytm, Policybazaar, Zomato, Nykaa gain up to 10%

In the past one year, these stocks have underperformed the market by falling between 31 per cent and 53 per cent, as against 5 per cent rise in the Sensex

India's fallen tech darlings value buys for Franklin after $20 bn wipeout

Funds managed by Franklin Templeton bought at least 3.3 million shares of e-commerce logistics provider Delhivery Ltd. and more than 2 million shares of PB Fintech Ltd

71% IPOs of 2022 at premium; will retail investor euphoria sustain in 2023?

Adani Wilmar, Venus Pipes & Tubes, Hariom Pipe Industries and Veranda Learning Solutions are the top multi-bagger debutants that delivered 109-135 per cent returns in 2022

Softbank halves stake in Policy Bazaar parent, mops up Rs 1,043 crore

Sells 22.84 million shares, or 5.08% stake, at Rs 456.4 apiece; 30 institutional investors among buyers

Sensex snaps 8-day winning run, ends 415 pts lower; IT, Auto stocks weigh

CLOSING BELL: The NSE Nifty shut shop at 18,696, down 117 points. Broader indices - BSE Midcap and Smallcap bucked the trend, and were up 0.8 per cent and 0.7 per cent, respectively, on Friday.

PB Fintech surges 6% after 5% equity changes hands on the NSE

Around 22.84 million shares representing 5 per cent of total equity of PB Fintech worth of Rs 1,042.53 crore changed hands in pre-open deals on the NSE today, the exchange data shows.

Stocks to Watch: PB Fintech, NMDC, Axis Bank, Yes Bank, ONGC, Auto, Airline

Stocks to Watch Today: SoftBank Group is likley to sell a 5 per cent stake in PB Fintech via block deal at a base price of Rs 440 per share on Friday.

SoftBank plans to sell 5% stake in PB Fintech via block deal: Report

The block deal on Friday could be at a base price of 440 rupees per share, CNBC-TV18 said in a tweet. PB Fintech's shares closed at 461 rupees on Thursday

Removal of cap: Insurers to get flexibility to allocate commissions

According to Irdai, the revised draft regulations on commissions emphasise on the board's oversight through a board-approved policy on the payment of commission

Withdrawal of start-up IPOs take wind out of sails of unlisted market

Share prices, trading activity slump amid rising uncertainty for startup listings